Bitcoin ETFs Legitimize Cryptocurrency Industry for Investors: Storm Partners

The approval of Bitcoin ETFs has provided investors with a welcome sign of relief beyond the first publicly traded products based on Bitcoin.

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Furthermore, the launch of Bitcoin ETFs has led to a major shift in investor mindset, according to Shiraz Ahmed, Managing Partner of Storm Partners, who said:

US spot Bitcoin ETFs have amassed more than $57.7 billion in total Bitcoin holdings on the network, according to Dune data.

Net Bitcoin ETF Flows. Source: Dune

It's not the Bitcoin ETFs themselves, but the regulatory gesture

Bitcoin ETFs were an important step toward legitimizing the cryptocurrency industry, especially in the eyes of the mainstream.

However, it is not the publicly traded products themselves, but rather the basic regulatory gesture that gives cryptocurrency investors more peace of mind, according to Ahmed:

“When I look into people's eyes, I see that they can finally breathe. This industry is not going away tomorrow.

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